SUMMARY
The round saw participation from Blume Ventures, Chiratae Ventures, Artha Venture Fund and Silicon Valley-based Z5 Capital
Founded in 2021, the startup helps businesses improve revenue generation efficiency by introducing AI copilots to boost their GTM execution and optimise pipeline governance and forecasting
The revenue operations startup plans on deploying fresh capital to strengthen its product and expand the team
AI-powered SaaS startup Clientell has raised $2.5 Mn in a seed round of funding led by Blume Ventures. The round also saw participation from Chiratae Ventures, Artha Venture Fund and Silicon Valley-based Z5 Capital.
Founded in 2021, the Saahil Dhaka and Neil Sarkar-led startup helps businesses improve revenue generation efficiency by introducing AI copilots to boost their go-to-market (GTM) execution and optimise pipeline governance and forecasting.
The Bengaluru-based startup claims to have helped growth-stage SaaS companies and large pharmaceutical companies make data-backed decisions and streamline their business strategies. Its primary users are the Chief Revenue Officers and Go-to-market leaders of the aforementioned companies.
“When the world is talking about 10x developers, we’re focused on bringing useful AI products to help 10x salespeople, CRM developers, and GTM leaders,” Dhaka said.
The revenue operations startup plans on deploying fresh capital to strengthen its product and expand the team.
The startup was a part of Chiratae Ventures’ seed investment initiative, Sonic, in 2022. It received an investment of $600,000 from the VC firm back then. With that investment, the startup built its core AI platform and core AI capabilities around combining generative AI with traditional machine learning to provide highly accurate insights to decision-makers in a conversational medium.
“We strongly believe that Revenue Operations as a space can be disrupted with the advent of newer technologies. Saahil and Neil continue to impress us with their vision, and, early customer feedback on the platform that they have built has been super positive. Very happy to be part of the Clientell journey and to continue to support them in this financing round,” Chiratae Ventures’ managing director and partner Venkatesh Peddi said.
With the investment, Blume VC will expand its AI portfolio. Prior to this investment, the VC had invested in AI powered employee platform Atomicwork in 2023. The VC firm’s growing interest in the AI space comes at a time when investments are pouring into the space.
Last week, Vodex, a GenAI SaaS startup that deploys AI to assist companies in setting up sales agents, raised $2 Mn in seed funding from Unicorn India Ventures and Pentathlon Ventures. Since 2019, Indian GenAI startups have bagged nearly $600 Mn in funding.
“Clientell is targeting the leaky revenue bucket and the lack of comprehensive revenue intelligence and predictability for enterprise sales teams. As AI penetrates different functions of the enterprise, an AI-first end-to-end connected approach will help sales teams to benefit immediately from deeper insights on their deals and revenue milestones – which Clientell’s platform can unlock,” Blume Ventures’ cofounder and managing partner Sanjay Nath said.
